| Scrip Code | 500182 |
|---|---|
| NSE Symbol | HEROMOTOCO |
| MSEI Symbol | NOTLISTED |
| ISIN | INE158A01026 |
| Name of company | HERO MOTOCORP LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 28-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 12-10-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | Automotive |
| Start date and time of board meeting | 28-10-2026 14:30:00 |
| End date and time of board meeting | 28-10-2026 17:30:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 05-02-2026 |
| Indicate Company website link for updated RPT policy of the Company | https://www.heromotocorp.com/content/dam/hero-aem-website/in/en-in/company-section/reports-and-polices/policies/pdfs/related_party_transactions_policy_feb_2026_website.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 14,68,743.00 | 27,68,625.00 | |
| Other income | 19,379.00 | 63,468.00 | |
| Total income | 14,88,122.00 | 28,32,093.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 10,06,240.00 | 19,28,458.00 |
| (b) | Purchases of stock-in-trade | 29,668.00 | 51,900.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 18,684.00 | 3,206.00 |
| (d) | Employee benefit expense | 74,001.00 | 1,43,912.00 |
| (e) | Finance costs | 613.00 | 1,241.00 |
| (f) | Depreciation, depletion and amortisation expense | 21,629.00 | 42,160.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 1,43,386.00 | 2,71,729.00 |
| Total other expenses | 1,43,386.00 | 2,71,729.00 | |
| Total expenses | 12,94,221.00 | 24,42,606.00 | |
| 3 | Total profit before exceptional items and tax | 1,93,901.00 | 3,89,487.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 1,93,901.00 | 3,89,487.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 50,958.00 | 98,495.00 |
| 8 | Deferred tax | (2,679.00) | (78.00) |
| 9 | Total tax expenses | 48,279.00 | 98,417.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,45,622.00 | 2,91,070.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,45,622.00 | 2,91,070.00 |
| 17 | Other comprehensive income net of taxes | (402.00) | (804.00) |
| 18 | Total Comprehensive Income for the period | 1,45,220.00 | 2,90,266.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 4,003.00 | 4,003.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 72.75 | 145.44 | |
| Diluted earnings (loss) per share from continuing operations | 72.69 | 145.32 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 72.75 | 145.44 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 72.69 | 145.32 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above un-audited standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). 2. The above un-audited standalone financial results for the quarter and half year ended September 30, 2026 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on October 28, 2026. 3. On May 05, 2026, the Board of Directors had considered and approved final dividend @ 3750% i.e. Rs.75 per equity share (face value of Rs.2 per equity share) for the financial year 2025-26. This dividend together with interim dividend @5500% i.e. Rs.110 per equity share, takes the aggregate total dividend for the financial year 2025-26 to Rs.185 per equity share i.e. 9250% has been approved by the shareholders in the Annual General Meeting held on August 05, 2026. 4. During the quarter ended September 30, 2026, 48269 equity shares and half year ended September 30, 2026, 51430 equity shares of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. 5. During the quarter and half year ended September 30, 2026, the Company made the following investment: Rs. In crores Name of the Company/Nature/Quarter ended June 30, 2026/ Quarter ended September 30, 2026 Ather Energy Limited*/Associate/-/2000.33/Total/-/-/2000.33 *includes Rs. 240 crores of investment through share warrants. 6. Based on the guiding principles given in Ind AS-108 on 'Operating Segments', the Company's business activity fall within a single operating segment, namely automotive segment. 7. The Ministry of Environment, Forest and Climate Change issued the Environment Protection (End-of-Life Vehicles) Rules, 2025 (ELV rules), effective from April 01, 2025. In accordance with ELV rules, Extended Producer Responsibility (EPR) obligations are imposed on producers (“vehicle manufacturers”) for the scrapping of End-of-Life Vehicles. The obligations require acquiring EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal (Portal), which is partially operational. However, the pricing mechanism for EPR certificates, and measurement framework for determining financial obligations are not yet made available. Further, the Ministry of Environment, Forest and Climate Change notified the Battery Waste Management Rules, 2022 on February 24, 2025 (as amended from time to time), applicable to producers (manufacturers and importers included), dealers, consumers, and entities involved in the collection, segregation, transportation, refurbishment, and recycling of all types of waste batteries. As a producer of batteries, the Company is subject to these obligations, however, sufficient guidance on waste collection mechanisms and associated costs are not yet made available. Consequently, the Company is currently unable to reliably estimate a range of possible outcomes and the financial implications of the above rules and will be evaluated once the implementation framework for determining the reliable estimate is established. 8. On November 21 , 2025, the Government of India notified the four Labour codes - The code on Wages, 2019, The Industrial Relations code, The code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing Labour Laws. Based on the rules and FAQs issued by the ministry of labour and employment and best available information, the Company has estimated the financial implications thereof and has made an additional provision of Rs.119 crores in the year ended March 31 , 2026. Considering the materiality, regulatory driven and non - recurring nature of the impact, the company has presented such incremental impact under Exceptional item. 9. The above standalone financial results of the Company are available on the Company's website www.heromotocorp.com and also on www.bseindia.com and www.nseindia.com. For and on behalf of the Board of Directors, , DR. PAWAN MUNJAL, Executive Chairman, DIN : 00004223 New Delhi, October 28, 2026 |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2026 | |
| Date of end of reporting period | 30-09-2026 | |
| Whether results are audited or unaudited | Unaudited | |
| Nature of report standalone or consolidated | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 5,90,674.00 | |
| Capital work-in-progress | 40,253.00 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 44,924.00 | |
| Intangible assets under development | 63,677.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 11,96,660.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 2,687.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 19,397.00 |
| Total of other non-current financial assets | 19,397.00 | |
| Total non-current financial assets | 12,18,744.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | Other non-current assets | 16,221.00 |
| Total of other non-current assets | 16,221.00 | |
| Total non-current assets | 19,74,493.00 | |
| 2 | Current assets | |
| Inventories | 2,14,219.00 | |
| Current financial asset | ||
| Current investments | 8,75,671.00 | |
| Trade receivables, current | 3,52,098.00 | |
| Cash and cash equivalents | 85,594.00 | |
| Bank balance other than cash and cash equivalents | 7,250.00 | |
| Loans, current | 2,758.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 13,070.00 | |
| Total current financial assets | 13,36,441.00 | |
| Current tax assets (net) | 0.00 | |
| Other current assets | ||
| 1 | Other current assets | 1,03,543.00 |
| Total of other current assets | 1,03,543.00 | |
| Total current assets | 16,54,203.00 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 36,28,696.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 4,003.00 | |
| Other equity | 22,95,009.00 | |
| Total equity attributable to owners of parent | 22,99,012.00 | |
| Non controlling interest | ||
| Total equity | 22,99,012.00 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | ||
| 1 | Lease liabilities | 64,204.00 |
| 2 | Other non-current financial liabilities | 11,079.00 |
| Total of other non-current financial liabilities | 75,283.00 | |
| Total non-current financial liabilities | 75,283.00 | |
| Provisions, non-current | 73,599.00 | |
| Deferred tax liabilities (net) | 58,235.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| 1 | Other non-current liabilities | 0.00 |
| Total of other non-current liabilities | 0.00 | |
| Total non-current liabilities | 2,07,117.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 0.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 4,714.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 9,29,423.00 | |
| Total Trade payable | 9,34,137.00 | |
| Other current financial liabilities | ||
| 1 | Lease liabilities | 9,140.00 |
| 2 | Other current financial liabilities | 30,258.00 |
| Total of other current financial liabilities | 39,398.00 | |
| Total current financial liabilities | 9,73,535.00 | |
| Other current liabilities | 90,566.00 | |
| 1 | Other current liabilities | 90,566.00 |
| Total of other current liabilities | 90,566.00 | |
| Provisions, current | 33,967.00 | |
| Current tax liabilities (Net) | 24,499.00 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 11,22,567.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 13,29,684.00 | |
| Total equity and liabilites | 36,28,696.00 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-07-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-09-2026 | 30-09-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-09-2026 | 30-09-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement of defined benefit plans | (538.00) | (1,075.00) |
| Total Amount of items that will not be reclassified to profit and loss | (538.00) | (1,075.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (136.00) | (271.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (402.00) | (804.00) |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | ||||
| B | Date of end of reporting period | 30-09-2026 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 3,89,487.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 1,241.00 | |||||
| Adjustments for decrease (increase) in inventories | (28,397.00) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (92,778.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | (29,351.00) | |||||
| Adjustments for decrease (increase) in other non-current assets | 1.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | (15,777.00) | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 1,82,260.00 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 11,021.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 42,160.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 4,738.00 | |||||
| Adjustments for provisions, non-current | 3,528.00 | |||||
| Adjustments for other financial liabilities, current | 1,172.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 63.00 | |||||
| Adjustments for interest income | 18,009.00 | |||||
| Adjustments for share-based payments | 977.00 | |||||
| Adjustments for fair value losses (gains) | 16,053.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | (60,439.00) | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 18,337.00 | |||||
| Net cash flows from (used in) operations | 4,07,824.00 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 83,898.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 3,23,926.00 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 2,00,033.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 31,89,519.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 30,77,512.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 217.00 | |||||
| Purchase of property, plant and equipment | 68,823.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 63.00 | |||||
| Interest received | 18,009.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) investing activities | (1,38,560.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 30.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 0.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 1,650.00 | |||||
| Dividends paid | 1,50,070.00 | |||||
| Interest paid | 1,241.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (1,52,931.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 32,435.00 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 32,435.00 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 53,159.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 85,594.00 | |||||
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Deloitte Haskins & Sells LLP | Yes | 31-07-2027 | ||
|---|---|---|---|---|---|
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Hero Motocorp Ltd. | A. G. Industries Private Limited | Enterprises over which key management personnel and their relatives are able to exercise control | Any other transaction | Purchase of raw materials, components, assets and related services etc. | 88,996.00 | Approved | 48,043.00 | (12,476.00) | (15,277.00) | |||||||||||||||
| 2 | Hero Motocorp Ltd. | AG Industries (Bawal) Private Limited | Enterprises over which key management personnel and their relatives are able to control | Any other transaction | Purchase of raw materials, components, assets and related services etc. | 14,000.00 | Approved | 5,933.00 | (4,954.00) | (1,773.00) | |||||||||||||||
| 3 | Hero Motocorp Ltd. | Rockman Industries Limited | Enterprises over which key management personnel and their relatives are able to control | Any other transaction | Purchase of raw materials, components, assets and related services etc. | 1,02,875.00 | Approved | 44,396.00 | (11,723.00) | (13,616.00) | |||||||||||||||
| 4 | Hero Motocorp Ltd. | HMC MM Auto Limited | Subsidiaries | Any other transaction | Purchase of raw materials, components, assets and related services etc. | 64,527.00 | Approved | 26,256.00 | (7,025.00) | (4,990.00) | |||||||||||||||
| 5 | Hero Motocorp Ltd. | Hero Solar Energy Private Limited | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 62.00 | Approved | 6.00 | (7.00) | 0.00 | ||||||||||||||||
| 6 | Hero Motocorp Ltd. | Hero Rooftop Energy Private Limited | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 20.00 | Approved | 5.00 | (3.00) | (4.00) | ||||||||||||||||
| 7 | Hero Motocorp Ltd. | Brijmohan Lal Om Parkash (Partnership firm) | Parties in respect of which the Company is an associate | Any other transaction | Rental Income | 2.00 | Approved | 1.00 | 0.00 | 0.00 | |||||||||||||||
| 8 | Hero Motocorp Ltd. | Hero InvestCorp Private Limited | Parties in respect of which the Company is an associate | Any other transaction | Rental Income | 2.00 | Approved | 1.00 | 0.00 | 0.00 | |||||||||||||||
| 9 | Hero Motocorp Ltd. | Bahadur Chand Investments Private Limited | Parties in respect of which the Company is an associate | Any other transaction | Rental Income | 2.00 | Approved | 1.00 | 0.00 | 0.00 | |||||||||||||||
| 10 | Hero Motocorp Ltd. | Dr. Pawan Munjal | Key management personnel-Executive Chairman | Any other transaction | Lease Rent Recovery | 234.00 | Approved | 115.00 | 0.00 | 0.00 | |||||||||||||||
| 11 | Hero Motocorp Ltd. | Cosmic Kitchen Private Limited | Enterprises over which key management personnel and their relatives are able to control | Purchase of goods or services | 850.00 | Approved | 351.00 | 0.00 | (2.00) | ||||||||||||||||
| 12 | Hero Motocorp Ltd. | Ather Energy Limited | Associate | Investment | 2,76,000.00 | Approved | 2,00,033.00 | 0.00 | 0.00 | ||||||||||||||||
| 13 | Hero Motocorp Ltd. | Clean Max Karakoram Private Limited | Associate | Investment | 515.00 | Approved | 390.00 | 0.00 | 0.00 | ||||||||||||||||
| 14 | Hero Motocorp Ltd. | Dr. Pawan Munjal | Key management personnel-Executive Chairman | Any other transaction | Remuneration (Including Commission payable after AGM) | 0.00 | NA | 6,925.00 | (6,550.00) | (4,074.00) | |||||||||||||||
| 15 | Hero Motocorp Ltd. | Mr. Suman Kant Munjal | Key management personnel-Non Executive Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 18.00 | 0.00 | 0.00 | |||||||||||||||
| 16 | Hero Motocorp Ltd. | Mr. Pradeep Dinodia | Key management personnel-Non Executive Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 42.00 | 0.00 | 0.00 | |||||||||||||||
| 17 | Hero Motocorp Ltd. | Prof. Jagmohan Singh Raju | Key management personnel-Non Executive and Independent Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 77.00 | 0.00 | 0.00 | |||||||||||||||
| 18 | Hero Motocorp Ltd. | ACM B.S Dhanoa (Retd.) | Key management personnel-Non Executive and Independent Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 77.00 | 0.00 | 0.00 | |||||||||||||||
| 19 | Hero Motocorp Ltd. | Ms. Tina Trikha | Key management personnel-Non Executive and Independent Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 83.00 | 0.00 | 0.00 | |||||||||||||||
| 20 | Hero Motocorp Ltd. | Ms. Camille Tang | Key management personnel-Non Executive and Independent Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 63.00 | 0.00 | 0.00 | |||||||||||||||
| 21 | Hero Motocorp Ltd. | Mr. Rajnish Kumar | Key management personnel-Non Executive and Independent Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 30.00 | 0.00 | 0.00 | |||||||||||||||
| 22 | Hero Motocorp Ltd. | Ms. Vasudha Dinodia | Key management personnel-Non Executive Director | Any other transaction | Commission/Sitting fees/expenses reimbursement | 0.00 | NA | 38.00 | 0.00 | 0.00 | |||||||||||||||
| 23 | Hero Motocorp Ltd. | Mr. Annuvrat Munjal | Relatives of Key management person | Remuneration | 600.00 | Approved | 41.00 | 0.00 | 0.00 | ||||||||||||||||
| 24 | Hero Motocorp Ltd. | Ather Energy Limited | Associate | Sale of goods or services | 250.00 | Approved | 52.00 | (39.00) | 31.00 | ||||||||||||||||
| 25 | Hero Motocorp Ltd. | Ather Energy Limited | Associate | Purchase of goods or services | 900.00 | Approved | 149.00 | (39.00) | 31.00 | ||||||||||||||||
| 26 | Hero Motocorp Ltd. | Napino Auto And Electronics Limited | Enterprises over which key management personnel and their relatives are able to control | Any other transaction | Purchase of Components, Tools, dies and Capex/NREE/NPD/SPD, Proto etc. Purchase of parts and components-Supply of regulator rectifiers, body control modules and wiring harnesses | 1,34,900.00 | The Audit Committee approved the omnibus limits with the party for FY27 (Q2 to Q4). Futher the Audit Committee and Board also took note of transaction in previous years i.e FY23 Rs. 470 crore, FY24 Rs. 620 crore, FY25 Rs. 693 crore, FY26 Rs. 821 crore and Q1 FY27 Rs. 251.29 crore. The value of transaction approved by the Audit Committee represents the aggregate value of Q1 FY27 transactions and FY27 omnibus approval. | 53,808.00 | 0.00 | (17,705.00) | |||||||||||||||
| 27 | Hero Motocorp Ltd. | Hero FinCorp Limited | Associate | Any other transaction | Service Expenses | 1,500.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 28 | Hero Motocorp Ltd. | Hero FinCorp Limited | Associate | Any other transaction | Others | 100.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 29 | Hero Motocorp Ltd. | Hero FinCorp Limited | Associate | Dividend paid | 0.00 | NA | 1.00 | 0.00 | 0.00 | ||||||||||||||||
| 30 | Hero Motocorp Ltd. | Hero Tech Center Germany GmbH | Subsidiaries | Purchase of goods or services | 30,000.00 | Approved | 11,473.00 | (6,802.00) | (4,572.00) | ||||||||||||||||
| 31 | Hero Motocorp Ltd. | Hero Tech Center Germany GmbH | Subsidiaries | Any other transaction | Others | 54.00 | Approved | 54.00 | 0.00 | 0.00 | |||||||||||||||
| 32 | Hero Motocorp Ltd. | HMCL Colombia SAS | Subsidiaries | Sale of goods or services | 1,24,669.00 | Approved | 62,094.00 | 55,234.00 | 65,116.00 | ||||||||||||||||
| 33 | Hero Motocorp Ltd. | HMCL Colombia SAS | Subsidiaries | Any other transaction | Warranty Claims | 2,300.00 | Approved | 963.00 | 0.00 | 0.00 | |||||||||||||||
| 34 | Hero Motocorp Ltd. | HMCL Colombia SAS | Subsidiaries | Any other transaction | Expenses reimbursed | 5,500.00 | Approved | 1,883.00 | 0.00 | 0.00 | |||||||||||||||
| 35 | Hero Motocorp Ltd. | HMCL Colombia SAS | Subsidiaries | Any other transaction | Other operating revenues | 3,400.00 | Approved | 1,671.00 | 0.00 | 0.00 | |||||||||||||||
| 36 | Hero Motocorp Ltd. | HMCL Colombia SAS | Subsidiaries | Any other transaction | Others | 314.00 | Approved | 20.00 | 0.00 | 0.00 | |||||||||||||||
| 37 | Hero Motocorp Ltd. | HMCL Niloy Bangladesh Limited | Subsidiaries | Sale of goods or services | 84,000.00 | Approved | 20,090.00 | 20,394.00 | 5,327.00 | ||||||||||||||||
| 38 | Hero Motocorp Ltd. | HMCL Niloy Bangladesh Limited | Subsidiaries | Any other transaction | Warranty Claims | 1,200.00 | Approved | 268.00 | 0.00 | 0.00 | |||||||||||||||
| 39 | Hero Motocorp Ltd. | HMCL Niloy Bangladesh Limited | Subsidiaries | Any other transaction | Expenses reimbursed | 4,400.00 | Approved | 688.00 | 0.00 | 0.00 | |||||||||||||||
| 40 | Hero Motocorp Ltd. | HMCL Niloy Bangladesh Limited | Subsidiaries | Any other transaction | Other operating revenues | 2,400.00 | Approved | 529.00 | 0.00 | 0.00 | |||||||||||||||
| 41 | Hero Motocorp Ltd. | Raman Kant Munjal Foundation | Enterprises over which key management personnel and their relatives are able to exercise control | Any other transaction | CSR (Inc Advances) | 1,130.00 | Approved | 317.00 | (85.00) | 161.00 | |||||||||||||||
| 42 | Hero Motocorp Ltd. | Napino Aumovio Mobility Electronics Private Limited (formerly Napino Continental Vehicle Electronics Private Limited) | Enterprises over which key management personnel and their relatives are able to control | Any other transaction | Purchase of Components, Tools, dies and Capex/NREE/NPD/SPD, Proto etc. Purchase of parts and components- Supply of instrument clusters | 17,300.00 | The Audit Committee approved the omnibus limits with the party for FY27 (Q2 to Q4). Futher the Audit Committee and Board also took note of transaction in previous years i.e. FY23 Rs. 89 crore, FY24 Rs. 113 crore, FY25 Rs. 95 crore, FY26 Rs. 123 crore and Q1FY27 Rs. 34 crore. The value of transaction approved by the Audit Committee represents the aggregate value of Q1 FY27 transactions and FY27 omnibus approval. | 6,948.00 | 0.00 | (2,166.00) | |||||||||||||||
| 43 | Hero Motocorp Ltd. | BML Munjal University | Enterprises over which key management personnel and their relatives are able to exercise control | Any other transaction | Staff Training | 294.00 | Approved | 1.00 | 3.00 | 5.00 | |||||||||||||||
| 44 | Hero Motocorp Ltd. | BML Munjal University | Enterprises over which key management personnel and their relatives are able to exercise control | Any other transaction | CSR | 850.00 | Approved | 500.00 | 0.00 | 0.00 | |||||||||||||||
| 45 | Hero Motocorp Ltd. | Raman Munjal Vidya Mandir | Enterprises over which key management personnel and their relatives are able to exercise control | Any other transaction | Others | 80.00 | Approved | 24.00 | (3.00) | (4.00) | |||||||||||||||
| 46 | Hero Motocorp Ltd. | S.R. Dinodia & LLP | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 50.00 | Approved | 25.00 | 0.00 | 0.00 | ||||||||||||||||
| 47 | Hero Motocorp Ltd. | Eternal Design Private Limited | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 80.00 | Approved | 40.00 | 5.00 | 0.00 | ||||||||||||||||
| 48 | Hero Motocorp Ltd. | Hero Future Energies Private Limited | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 1,289.00 | Approved | 163.00 | (590.00) | (89.00) | ||||||||||||||||
| 49 | Hero Motocorp Ltd. | Napino Control Systems Private Limited | Enterprises over which key management personnel and their relatives are able to control | Any other transaction | Purchase of Components, Tools, dies and Capex/NREE/NPD/SPD, Proto etc. Purchase of parts and components- Supply of fuel injection systems | 56,800.00 | The Audit Committee approved the omnibus limits with the party for FY27 (Q2 to Q4). Further the Audit Committee and Board also took note of transaction in previous years i.e. FY23 Rs. 411 crore, FY24 Rs. 439 crore, FY25 Rs. 395 crore, FY26 Rs. 490 crore and Q1FY27 Rs. 114.76 crore. The value of transaction approved by the Audit Committee represents the aggregate value of Q1 FY27 transactions and FY27 omnibus approval. | 24,049.00 | 0.00 | (8,080.00) | |||||||||||||||
| 50 | Hero Motocorp Ltd. | PSL Consulting, LLC | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 730.00 | Approved | 385.00 | 0.00 | 0.00 | ||||||||||||||||
| 51 | Hero Motocorp Ltd. | PSL Consulting, LLC | Enterprises over which key management personnel and their relatives are able to exercise control | Any other transaction | Expenses reimbursed | 21.00 | Approved | 21.00 | 0.00 | 0.00 | |||||||||||||||
| 52 | Hero Motocorp Ltd. | Hamari Asha Foundation | Enterprises over which key management personnel and their relatives are able to exercise control | Purchase of goods or services | 1.00 | The Audit Committee approved the omnibus limits with the related party for FY27 for 0.01 Crore and also took note of transaction in previous years i.e. i.e. FY23 Rs. 0.01 crore, FY24 Rs. 0.10 crore, FY25 Rs. 0.08 crore and FY26 Rs. 0.03 crore. | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 53 | HMCL Niloy Bangladesh Limited | Nitol Insurance Company Limited | Parties in respect of which the other Group Companies are associate | Purchase of goods or services | 0.00 | NA | 34.00 | 0.00 | 0.00 | ||||||||||||||||
| 54 | HMCL Niloy Bangladesh Limited | Nitol Motors Limited | Parties in respect of which the other Group Companies are associate | Sale of goods or services | 0.00 | NA | 5.00 | 39.00 | 1.00 | ||||||||||||||||
| 55 | HMCL Niloy Bangladesh Limited | Nitol Motors Limited | Parties in respect of which the other Group Companies are associate | Any other transaction | Others | 0.00 | NA | 20.00 | (6.00) | (6.00) | |||||||||||||||
| 56 | HMCL Niloy Bangladesh Limited | Niloy Motors Limited | Parties in respect of which the other Group Companies are associate | Sale of goods or services | 89,700.00 | Approved | 33,896.00 | 12,707.00 | 4,191.00 | ||||||||||||||||
| 57 | HMCL Niloy Bangladesh Limited | Niloy Motors Limited | Parties in respect of which the other Group Companies are associate | Any other transaction | Others | 8,611.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 58 | HMCL Niloy Bangladesh Limited | Niloy Motors Limited | Parties in respect of which the other Group Companies are associate | Purchase of goods or services | 6,142.00 | Approved | 3,004.00 | (147.00) | 279.00 | ||||||||||||||||
| 59 | HMCL Niloy Bangladesh Limited | Nitol Machineries Limited | Parties in respect of which the other Group Companies are associate | Purchase of goods or services | 0.00 | NA | 0.00 | 127.00 | 127.00 | ||||||||||||||||
| 60 | HMCL Niloy Bangladesh Limited | Nitol Electronics Limited | Parties in respect of which the other Group Companies are associate | Purchase of goods or services | 0.00 | NA | 15.00 | 0.00 | 0.00 | ||||||||||||||||
| 61 | HMC MM Auto Limited | Marelli Europe S.p.A. | Parties in respect of which the other Group Companies are associate | Any other transaction | Royalty | 1,485.00 | Approved | 498.00 | (558.00) | (513.00) | |||||||||||||||
| 62 | HMC MM Auto Limited | Marelli Europe S.p.A. | Parties in respect of which the other Group Companies are associate | Purchase of goods or services | 470.00 | Approved | 0.00 | 0.00 | 0.00 | ||||||||||||||||
| 63 | HMC MM Auto Limited | Marelli Europe S.p.A. | Parties in respect of which the other Group Companies are associate | Any other transaction | Others | 3.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 64 | HMC MM Auto Limited | Marelli Powertrain India Private Limited | Subsidiary of the party of which Company is an associate | Purchase of goods or services | 13,164.00 | Approved | 2,446.00 | (1,268.00) | (1,393.00) | ||||||||||||||||
| 65 | HMC MM Auto Limited | Marelli Powertrain India Private Limited | Subsidiary of the party of which Company is an associate | Any other transaction | Warranty | 300.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 66 | HMC MM Auto Limited | Marelli Powertrain India Private Limited | Subsidiary of the party of which Company is an associate | Any other transaction | Others | 3.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 67 | HMC MM Auto Limited | Marelli Sistemas Automotivos Industria E Comercio Brasil Ltda | Subsidiary of the party of which Company is an associate | Purchase of goods or services | 5,129.00 | Approved | 1,561.00 | (707.00) | (771.00) | ||||||||||||||||
| 68 | HMC MM Auto Limited | Marelli Sistemas Automotivos Industria E Comercio Brasil Ltda | Subsidiary of the party of which Company is an associate | Any other transaction | Warranty | 300.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 69 | HMC MM Auto Limited | Marelli Sistemas Automotivos Industria E Comercio Brasil Ltda | Subsidiary of the party of which Company is an associate | Any other transaction | Others | 3.00 | Approved | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 70 | HMC MM Auto Limited | Rockman Industries Limited | Enterprises over which key management personnel and their relatives are able to control | Purchase of goods or services | 500.00 | Approved | 46.00 | (25.00) | (24.00) | ||||||||||||||||
| Total value of transaction during the reporting period | 5,60,666.00 | ||||||||||||||||||||||||